Measure Your Program Outcomes
reduction in the time taken to manage compliance activities
reduction in the time taken to create and update policies
faster response time to regulatory changes
Standardize and Structure Regulatory Compliance Management
MetricStream Regulatory Compliance Management products equip you with automated workflow, collaboration, and real-time reporting capabilities, enabling you to save time, cost, and resources in managing regulatory compliance and regulatory requirements. These products help establish a centralized framework ensuring the mapping of regulations, risks, controls, and issues to the respective business functions, locations, and legal entities. They enable senior executives with comprehensive visibility into associated processes and workflows in areas including policy management, regulatory compliance, regulatory change, regulatory engagement, case and incident management, and more, to proactively prevent issues, while building trust and credibility.
How Our Regulatory Compliance Management Products Help You
Streamline Creation and Communication of Policies
Improve consistency and efficiency by streamlining the workflows around policy creation, review, approval, and communication. Cut across enterprise siloes and integrate policies and documents into a centralized policy portal. Map policies to regulations, risks, and controls to effectively identify potential gaps or blind spots. Leverage AI capabilities to sift through thousands of enterprise-wide policies and documents to quickly find the required information.
Strengthen Organization-Wide Compliance Programs
Efficiently navigate the increasingly complex web of regulations and regulatory changes. Manage a broad range of compliance requirements in an integrated manner. Improve visibility into control effectiveness and ensure timely issue remediation. Eliminate redundancies and inefficiencies by aligning policies, standards, regulations, and controls. Improve collaboration and communication across teams to identify risks and areas of concern with timely insights into compliance processes.
Stay on Top of Latest Regulatory Changes
Identify, capture, and manage regulatory changes in a simple and automated manner. Assess the impact of regulatory changes on business processes, policies, risks, and controls, and initiate and track regulatory change management tasks. Adopt a centralized framework and aggregate regulatory content from multiple trusted sources. Route critical regulatory alerts to the relevant stakeholders/SMEs for triaging and applicability assessments.
Automate Regulatory Engagement Activities
Improve management of various types of regulatory engagement activities, such as examinations, meetings, and requests for information through automated workflows. Capture all related data in a central repository, enabling seamless collaboration among stakeholders. Effectively manage regulatory findings, develop action plans, and submit the final response to the regulator. Gain real-time insights on various engagements through powerful dashboards and reports.
Enhance Management of Cases and Incidents
Adopt a consistent approach for case and incident management workflows – right from planning and administration to recording, triaging, routing, investigating, tracking, and closure. Enable reporting of all types of cases and incidents, such as compliance, ethics, business continuity, and security incidents, from multiple sources with the option to report anonymously. Map cases/incidents to organizations, processes, controls, risks, policies, and regulations to proactively identify compliance or regulatory risk.
Efficiently Manage Compliance Advisory Requests
Simplify the process of requesting and implementing advisory requests relating to governance, risk, and compliance (GRC) areas. Establish a well-defined framework for advisory services, enabling the front line to seek clarification from second line functions as well as attest that they have understood the advice and implemented it. Create and maintain a secure repository of advice documentation.
How Our Regulatory Compliance Management Products Benefit Your Business
- Ensure compliance readiness and avoid the risk of compliance violations, penalties, and reputational damage
- Build confidence by effectively managing regulatory changes, regulatory engagement tasks, aligning and updating policies, and more
- Enhance the efficiency of the compliance function through automated control assessments and testing
- Gain assurance that your organization is compliant with regulatory requirements through a simplified collection of evidence with attestations